Fannie Mae Homestyle Renovation Mortgage vs 203K

[Bryan Boulware]

Hello,

Has anyone dealt with the Fannie Mae Homestyle revocation mortgage? if so could you provide more information on the loan? Also how does it contrast from a traditional 203K loan?

How was the overall experience using this style of loan?

Thank you.

Bryan

[Joseph Firmin]

@Bryan Boulware

I used a Homestyle loan on my first BRRRR property and it was a huge learning process, very valuable. I will be writing a blog post about process but if you'd like to connect I can explain it over the phone. It is a lot to write out. Overall, went well, I did about $50k in renovations and it took about 5 months. My contractor was good but slow and there were bumps along the way, but now on the other side, I built a out $50k in equity into the property immediately.